Current MCLR rate of Yes Bank ranges from 7.90% to 9.70% varying by reset frequency of the loan. Yes Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenor.

Tenure wise MCLR	Yes Bank Rate Today
Overnight	7.90%
1 Month	8.75%
3 Month	9.20%
6 Month	9.40%
1 Year	9.70%
Yes Bank Base Rate	10.25%

Yes Bank Interest Rates

Home Loan Interest Rates	9.85% * Floating	Detail
Loan Against Property Rates	10.50% * Floating	Detail
Personal Loan Interest Rates	10.99% to 20.00%	Detail
Business Loan Interest Rates	16.25% to 19.99%	Detail
Gold Loan Interest Rates	11.25% to 16.25%	Detail
Fixed Deposit Interest Rates	5.00% to 7.50%	Detail
Saving Account Interest Rates	5.00% to 6.25%	Detail
RD Interest Rates	7.00% to 7.25%	Detail

MCLR of Yes Bank

Yes Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Yes Bank as announced on 01 Jan 2020 are:

• Overnight MCLR Rate is 7.90%. The rate was last revised on 01 Nov 2019 to 7.90% from 8.00%
• 1 Month MCLR Rate is 8.75%. The rate was last revised on 01 Oct 2019 to 8.75% from 8.80%
• 3 Month MCLR Rate is 9.20%. The rate was last revised on 02 Sep 2019 to 9.20% from 9.25%
• 6 Month MCLR Rate is 9.40%. The rate was last revised on 02 Sep 2019 to 9.40% from 9.45%
• 1 Year MCLR Rate is 9.70%. The rate was last revised on 02 Sep 2019 to 9.70% from 9.75%

Yes Bank MCLR Rate Trend

• Effective 1st April 2016, Yes Bank has been directed by RBI to fix its loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the bank fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. Yes Bank MCLR rates for different tenors range from 7.90% to 9.70%.
• RBI allows banks to set their own MCLR Rate based on their marginal cost of funds which means the cost of raising new funds for the bank. So, Yes Bank decides and announces its MCLR rate regularly based on prescribed formula and policy rate changes by RBI in its monetary policy.
• Note that the RBI does not decide the MCLR Rate of any bank. RBI only announces the repo rate, which influences the cost of raising new funds for the bank. Banks may or may not decide to change their MCLR rate in response to changes in the repo rate. For instance, Yes Bank may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, Yes Bank may decide to cut its 1 Year MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of Yes Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Yes Bank.
• MCLR rate can be revised by Yes Bank every month. However, it is not mandatory for Yes Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Yes Bank Home Loan Interest Rate and MCLR

• Every floating rate loan sanctioned by Yes Bank is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months.
• Shorter duration loans such as cash credit, OD facility, personal loans are linked to short tenure MCLR rate while longer duration loans such as home loan, loan against property, vehicle loan are linked to longer duration MCLR rates.
• The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark.
• Your loan from Yes Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. Yes Bank home loan rate is benchmarked to 1 Year MCLR Base Rate which will be repriced after 1 Year. Say, you take a loan from Yes Bank at current 1 Year MCLR rate of 9.70% plus spread of 20 bps. So, the loan will initially be priced at 9.9%. Its next re-pricing will be done after 1 Year from now. If the 3 Month MCLR rate after 1 Year increases by 10 bps, the loan will be priced at 10% for the next period.

Compare MCLR Rate Movement

Compare Yes Bank MLCR Rates with Other Banks